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    Question

    A person purchased an article for Rs. 2000 which was

    marked up by 25% above its cost price. The discount given by seller to person was Rs. 400. By how much more price, should the seller have sold to gain 20%?
    A Rs. 304 Correct Answer Incorrect Answer
    B Rs. 314 Correct Answer Incorrect Answer
    C Rs. 374 Correct Answer Incorrect Answer
    D Rs. 344 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 2000 + 400 = Rs. 2400 Cost price of the article= 2400/1.25 = Rs. 1920 Required selling price = 1.20 × 1920 = Rs. 2304 Required amount = 2304 – 2000 = Rs. 304

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